Business Standard

Green Channel Fdi To Be Scrutinised

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Partha Ghosh BUSINESS STANDARD

The government has decided to scrutinise foreign direct investment (FDI) inflows through the automatic route to check round- tripping.

Round-tripping is the routing of money back into the country through a subsidiary based in tax havens like the British Virgin Islands and Mauritius.

Since the money is channeled into the country through a foreign company

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First Published: Apr 05 2003 | 12:00 AM IST

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